Tokens.com Announces Key New Hires and Acquires New Crypto Gaming Assets

Rhea-AI Summary

Tokens.com Corp (OTCQB: SMURF) has announced strategic developments within its subsidiary Hulk Labs, including key hires and acquisition of gaming assets. New team members include P2E gaming expert James Hewitt and operations head Alice Huang. Hulk Labs acquired play-to-earn game Crabada, which boasts over 12,000 active wallets and ranks 24th among crypto games. The company aims to strengthen its position in the play-to-earn market despite current crypto challenges, focusing on talent acquisition and innovative gaming projects.

Positive

• Acquisition of Crabada, a popular P2E game with over 12,000 active wallets.
• Onboarding of experts like James Hewitt and Alice Huang to enhance operations and strategic partnerships.
• Hulk Labs' focus on emerging gaming projects indicates potential for growth in the play-to-earn space.

Negative

• Current volatility in the crypto market may impact the success of new gaming acquisitions.
• Integration of new talents and acquisitions could present operational challenges.

TORONTO--(BUSINESS WIRE)-- Tokens.com Corp. (NEO Exchange Canada: COIN) (Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) (“Tokens.com” or “the Company”), a publicly-traded company that invests in Web3 crypto assets and businesses linked to the Metaverse and NFTs, is pleased to share that its subsidiary, Hulk Labs, has made several strategic hires and also acquired new gaming assets.

Hulk Labs has added James Hewitt, a P2E gaming expert and Alice Huang, Head of Operations, to the team.

Hulk Labs brought onboard a P2E gaming expert, James Hewitt, who has been conducting deep analysis and building in-depth calculators for the most interesting play-to-earn games for the past year. These tools will be used to advise game developers to improve their own economic models, and by investors (including Hulk Labs itself) to assess which games and strategies can provide the highest earnings potential. Hulk is in the process of integrating these calculators onto its own site at hulklabs.com - and will be available to the public in June 2022.

Alice Huang also joined Hulk Labs and Tokens.com as the Head of Operations. Alice is responsible for several initiatives at Hulk including scaling up the base of assets and managing relationships with new and existing games in the Hulk network. Alice has over 15 years of experience in operations, marketing and strategic partnership. Alice is also a published author in Web3.

Hulk Labs has also acquired play-to-earn crypto gaming assets in Crabada.

Crabada is an engaging play-to-earn (P2E) game where players can mine, loot, breed and battle. According to CoinGecko on April 26, 2022, “Crabada had more than 12,000 active wallets, making it the 24th most popular crypto game.”

Crabada continues to gain traction with investors and players, with the game’s social media following on a steady uptrend - and a growing reputation as a fun game to play. Being able to make real money feels like a bonus to many players.

Crabada is also the most popular game built on the Avalanche blockchain, generating 64% of transactions on Avalanche at its peak.

Hulk Labs identifies and invests in games at pre-launch. We also provide guidance in tokenomics, marketing and gameplay for early stage P2E games to ensure the success of these projects.

“The Hulk Labs division was created to find exciting, new, and emerging projects with potential for outsized growth in the play-to-earn space. Despite the outback in the crypto market, we believe play-to-earn gaming is the future of online gaming and we want to be positioned to capitalize by attracting the best talent in the industry to our business,” commented Andrew Kiguel, CEO of Tokens.com.

About Tokens.com

Tokens.com Corp is a publicly traded company that invests in Web3 assets and businesses focused on the Metaverse, NFTs, DeFi, and gaming based digital assets. Tokens.com is the majority owner of Metaverse Group, one of the world’s first virtual real estate companies. Hulk Labs, a wholly-owned Tokens.com subsidiary, focuses on investing in play-to-earn revenue generating gaming tokens and NFTs. Additionally, Tokens.com owns and stakes crypto assets to earn additional tokens. Through its growing digital assets and NFTs, Tokens.com provides public market investors with a simple and secure way to gain exposure to Web3.

Visit Tokens.com to learn more.

Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, and YouTube.

About Hulk Labs

Hulk Labs is a Tokens.com subsidiary company that invests in the NFT ecosystem with a focus on play-to-earn games. The company acquires gaming tokens and NFTs and monetizes them through staking and gaming guilds.

For further information please visit https://www.hulklabs.com/.

Crabada

Crabada is a fun and exciting P2E NFT game where hermit crabs battle, mine, loot, breed and more. With a strong user base and demand for the game, Crabada has launched its own subnet in April - the Swimmer Network.

For further information please visit https://www.crabada.com/.

This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220530005052/en/

Tokens.com Corp.

Andrew Kiguel, CEO

Telephone: +1-647-578-7490

Email: contact@tokens.com

Jennifer Karkula, Head of Communications

Email: contact@tokens.com

Media Contact: Ali Clarke – Talk Shop Media

Email: ali@talkshopmedia.com

Source: Tokens.com Corp.

FAQ

What recent developments has Tokens.com (SMURF) announced?

Tokens.com announced strategic hires at its subsidiary Hulk Labs and the acquisition of gaming assets, including the play-to-earn game Crabada.

Who are the new hires at Hulk Labs?

Hulk Labs has hired James Hewitt, a P2E gaming expert, and Alice Huang as Head of Operations.

What is the significance of acquiring Crabada for Tokens.com (SMURF)?

Acquiring Crabada positions Tokens.com to tap into the growing play-to-earn gaming market, leveraging its established user base and popularity.

How does the current crypto market affect Tokens.com (SMURF)?

The volatility in the crypto market poses risks to the integration and success of new gaming assets, impacting overall business performance.